Jeffrey Hirschkorn
Jeffrey Hirschkorn
expecting float large million range returns
This is a large float of 23.5 million shares, and that's a lot to digest. Typically when you have large floats, the returns are muted. We were expecting a return in the range of 50 and 60 percent.
high hype million offering open palm people speak
There's just so much hype surrounding it. They're offering 23 million shares, but when it's finished, there are going to be 570 million outstanding. The people I speak to say that Palm could open as high as 300.
cripple market selective turbulence
You are going to see the IPO market underwriters really become selective in what they let out. The turbulence really could cripple the IPO market in the short-term.
deal help market pcs shares
What is going to help this deal is the market for PCS (personal communications system) shares is doing very well right now.
deals foreign good states united
You had a lot of foreign deals come to the United States because the valuations on the Nasdaq are pretty good right now.
market next powers tech
Next week's market is going to be big for tech companies. As long as the Nasdaq powers ahead, we're going to see more and more filings.
company good large run
It won't have a big first day run because it's a large deal. But it is a good company with good fundamentals.
deal deals good industry pace rapidly represents sets solid
It represents a solid deal in an industry that's rapidly emerging. More importantly, it sets the pace for other good deals that are going to come out.
market question rolling strong
I think the IPO market is as strong as ever, and it's just going to keep rolling on. But the question is for how long?
respond
They make money. The market's going to respond heavily to this.
market seeing start
You're going to start seeing that the IPO market will get more selective.
biggest week
This is the biggest IPO week in two years.
banking flight front investment mission quality remains
A flight to quality remains the front mission of the Street's investment banking community.
buy eagle eyes heavy people reluctant stocks
People are reluctant now to buy stocks with heavy losses. If you have heavy losses, the eagle eyes are out.